Nova Iron & Steel News

Nova Iron & Steel promoters restructure stake via off-market deal

Promoter group entities Olympian Finvest and Aromatic Steel acquire 790,4675 shares from fellow group members at ₹11 per share. The restructuring consolidates promoter holding at 44.16% without triggering an open offer.

Aromatic Steel raises stake in Nova Iron & Steel

Aromatic Steel Private Limited acquired 33,31,000 shares in Nova Iron & Steel Limited, increasing its holding to 18.67%.

Olympian Finvest acquires 12.14% stake in Nova Iron

Olympian Finvest Private Limited acquired 42,91,675 shares in Nova Iron & Steel Limited on June 30, 2026. The acquisition was made via an off-market inter-se transfer.

Nova Iron receives attachment order from Enforcement Directorate

Nova Iron & Steel Ltd received Provisional Attachment Order No. 15/2026 from the Directorate of Enforcement on June 25, 2026. The company stated the order does not materially impact its day-to-day operations.

Aromatic Steel to buy 9.22% stake in Nova Iron

Aromatic Steel Private Limited will acquire 33,31,000 equity shares, representing 9.22% of Nova Iron & Steel Limited, for ₹11 per share. The inter-se transfer is scheduled for on or after June 26, 2026.